Walmart

Business U.S. stock index futures rose on Thursday, as upbeat earnings from Cisco and Walmart overshadowed concerns over strained trade ties between the United States and China after Washington blacklisted telecom equipment giant Huawei. 16 May 2019 07:36PM Bookmark REUTERS: U.S. stock index futures rose on Thursday, as upbeat earnings from Cisco and Walmart overshadowed concerns over strained trade ties between the United States and China after Washington blacklisted telecom equipment giant Huawei.Cisco Systems Inc gained 3.8per cent in premarket trading after its quarterly earnings beat estimates and the company gave an upbeat sales forecast saying minimal sales exposure to China and changes to its supply chains have helped cushion the blow of the trade dispute.Walmart Inc rose 2.1per cent, after the big box retailer's first-quarter U.S. comparable sales beat analysts' estimates.The recent escalation in the trade dispute has dented a strong run in stocks this year, and has … [Read more...] about Futures rise after upbeat Cisco, Walmart earnings

Retail colossus Walmart on Tuesday began offering free next-day deliveries of online purchases, aiming to counter rival Amazon in the race to get orders to consumer doorsteps. One-day delivery option became available for an array of merchandise for sale at Walmart.com to customers in Phoenix and Las Vegas, and will extend to Southern California in the next few days, according to e-commerce chief Marc Lore. The move ramps up Walmart's efforts to keep pace in electronic commerce with Amazon, which offers speedy deliveries to its Prime subscription members. Walmart planned to roll the feature out gradually, making it available to about 75 percent of the people in the US this year. Unlike Amazon, Walmart won't require a membership fee. "Contrary to what you might think, it will cost us less -- not more -- to deliver orders the next day," Lore said in an online post. "That's because eligible items come from a single fulfillment center located closest to the customer." Read also: Amazon … [Read more...] about Walmart speeds up delivery in race with Amazon

Business Walmart, the world's biggest retailer, said it is considering a stock market listing for its British supermarket arm Asda, whose attempt to combine with rival Sainsbury's was blocked by the UK regulator last month. 15 May 2019 08:00AM Bookmark LONDON: Walmart, the world's biggest retailer, said it is considering a stock market listing for its British supermarket arm Asda, whose attempt to combine with rival Sainsbury's was blocked by the UK regulator last month.Judith McKenna, the Walmart International CEO, told Asda managers at an event in Leeds, northern England, on Tuesday: "While we are not rushing into anything, I want you to know that we are seriously considering a path to an IPO - a public listing - to strengthen your long-term success."But she cautioned that any preparations for an IPO would "take years", according to comments released by Asda afterwards.Britain's competition regulator ruled Sainsbury's 7.3 billion pound (US$9.4 billion) takeover of Asda … [Read more...] about Walmart mulls stock market listing for UK arm Asda

By Sarah Nassauer WSJ Tues., May 14, 2019 Walmart Inc. will offer next-day delivery to more U.S. homes, seeking to boost shipping speeds as rival Amazon.com Inc. said it plans to invest $800 million to expand one-day delivery. Walmart this week will begin offering free next-day shipping on about 200,000 products for shoppers in Phoenix, Las Vegas and Southern California, with more areas to be added later this year. The offer applies only to orders of $35 or more, and orders will be shipped in one box to address common customer complaints about multiple boxes arriving at different times, said Marc Lore, head of Walmart U.S. e-commerce. The next-day-shipping model will lower Walmart’s cost per delivery, said Mr. Lore, because shoppers will only be able to buy items available in warehouses near their homes and all items in an order will arrive together. Walmart’s announcement comes ahead of its earnings release Thursday and in the wake of Amazon’s … [Read more...] about Walmart expands next-day delivery

World Walmart Inc said on Wednesday it will raise the minimum age to purchase tobacco products, including e-cigarettes, to 21 across its U.S. stores starting July 1. 08 May 2019 11:30PM (Updated: 08 May 2019 11:30PM) Bookmark WASHINGTON: Walmart Inc said on Wednesday it will raise the minimum age to purchase tobacco products, including e-cigarettes, to 21 across its U.S. stores starting July 1.The retailer will also discontinue the sale of fruit-and dessert-flavored electronic nicotine delivery systems.Walmart's move came after it received a letter from the U.S. Food and Drug Administration a few weeks ago regarding tobacco sales to minors.(Reporting by Nandita Bose in Washington; editing by Jonathan Oatis) … [Read more...] about Walmart raises US tobacco purchase age to 21 starting in July